First State Earnings Liu Guojie: Take advantage of the pessimistic market to increase its holdings in Tencent Merchants Bank


[Legit News 247News]The bank failures in the United States show signs of being brought under control, and the market focus has shifted to concerns about problems with Switzerland’s second largest bank, Credit Suisse (US: CS). The Hang Seng Index rebounded 198 points or 1.03% last week. Only the Dow fell slightly, while the S&P 500 and Nasdaq rose 1.43% and 4.41% respectively. On the cover story of this issue, Liu Guojie, managing partner of First State Asset Management (FSSA), and Wang Tao, head of Asian economic research and chief China economist at UBS Investment Bank, analyze the latest situation. The “First State China Growth Fund Class I (USD-Accumulation)” managed by Liu Guojie has just been selected as the “Best China Stock Fund” by Morningstar Asia, and Liu believes that the key to success in investing in China is quality and patience, and introduced Tencent (0700 ), China Merchants Bank (3968) and Anta (2020) and other funds’ core holdings. Wang Tao believes that after the Spring Festival, consumption activities and the real estate market in the mainland continued to rebound, and the trend continued until March. In addition, the macro policies of the two sessions maintained a supportive tone, and specific policies may be introduced one after another. An annual growth rate of 5.4% is forecast.


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